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100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:

100/7% gain
15% gain
100/7% loss
15 % loss
Explanation:
C.P. of 100 orange=350
S.P. of 12 is 48 i.e, 4 of each now of 100 will be 400
So profit = 400 – 350 = 50
profit = $\dfrac{profit×100%}{cp}$ i.e 100/7% gain
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